Oil prices rise on potential China stimulus and drop in US crude stockpiles

Oil prices rise on potential China stimulus and drop in US crude stockpiles

Oil prices have been on the rise recently as hopes for a Chinese economic stimulus and a weaker dollar have buoyed the market. With China’s economy showing signs of slowing down, investors have been waiting for the government to announce a new round of stimulus measures, which could potentially increase demand for oil. Additionally, a … Read more

US Stock Market Ends Mixed as Investors Prepare for Busy Week of Reports and Earnings

US Stock Market Ends Mixed as Investors Prepare for Busy Week of Reports and Earnings

As the week comes to a close, Wall Street ended mixed on Friday with inflation data and earnings reports in focus. Investors continue to monitor the impact of rising prices on the economy, while eagerly awaiting results from major companies set to report earnings in the coming days. With uncertainty surrounding the market, traders are … Read more

Gold falls below $2,000 as dollar rises on strong US jobs data

Gold falls below ,000 as dollar rises on strong US jobs data

The price of gold has been steadily climbing over the past few months, hitting an all-time high of over $2,000 per ounce in early August. However, recent news of positive US jobs growth has lifted the value of the dollar and caused the price of gold to fall below $2,000. This development has sparked concerns … Read more

FTC seeks preliminary injunction against ICE’s acquisition of Black Knight

FTC seeks preliminary injunction against ICE’s acquisition of Black Knight

The Federal Trade Commission (FTC) has called for a temporary halt to the proposed acquisition of Black Knight, a mortgage technology firm, by Intercontinental Exchange (ICE). The FTC has expressed concerns that the deal could lead to reduced competition, ultimately hurting consumers. The proposed merger, worth $11 billion, has already faced opposition from industry experts … Read more

Indian Rupee Weakens Marginally on Tepid Asian Currencies

Indian Rupee Weakens Marginally on Tepid Asian Currencies

The Indian Rupee has had a chequered history with a number of economic and political factors driving its fluctuations. Its current status, however, is being impacted by events beyond the nation’s borders. Recent economic data from the US has stoked the bets of an impending rate hike by the Federal Reserve, causing the Rupee to … Read more

Philippine toy maker creates life-like plushies of deceased pets for grieving owners using synthetic fur and customer-provided photos.

Philippine toy maker creates life-like plushies of deceased pets for grieving owners using synthetic fur and customer-provided photos.

David Tan, a toy maker in the Philippines, is inundated with requests from grieving pet owners asking him to create stuffed replicas of their deceased animals. Tan and his team use photographs of the pets to create life-like stuffed toys using synthetic fur, which is airbrushed to reproduce the creatures’ colors and physical characteristics. The … Read more

Data shows Vietnam dispatches ship to monitor Chinese vessel enforcing control over Russian gas field in EEZ.

Data shows Vietnam dispatches ship to monitor Chinese vessel enforcing control over Russian gas field in EEZ.

Tensions between Vietnam and China have once again escalated as Vietnam announced the deployment of a ship to track a Chinese vessel patrolling a Russian gas field within Vietnam’s exclusive economic zone (EEZ). This move comes amid increasing disputes between the two countries over territorial claims in the South China Sea. With geopolitical tensions on … Read more

Banks’ recovery and minor rate-hike expectations boost Wall Street’s rally

Banks’ recovery and minor rate-hike expectations boost Wall Street’s rally

In recent weeks, Wall Street has experienced a series of rallies as investors grow more optimistic about the future of the banking sector. It appears that small rate-hike bets are contributing to this positive sentiment, as these bets signal that the economy is recovering and that banks are likely to see increased profits in the … Read more